Fiscal consolidation by intergovernmental transfers cuts? The unpleasant effect on expenditure arrears
Sign Up to like & getrecommendations! Published in 2019 at "Economic Modelling"
DOI: 10.1016/j.econmod.2018.09.008
Abstract: For the period 2003–2014, we investigate unexplored effects of fiscal consolidation in decentralized public finance on a large dataset of Italian municipalities. Based on a simple, realistic theoretical model, we show that municipalities increase arrears… read more here.
Keywords: intergovernmental transfers; fiscal consolidation; consolidation intergovernmental; consolidation ... See more keywords
When fiscal consolidation meets private deleveraging
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DOI: 10.1016/j.red.2020.02.002
Abstract: We analyze the interaction between fiscal consolidation and private-sector deleveraging in an economy within a monetary union. Pre-existing long term collateralized private debt – a core ingredient of the deleveraging process – plays a critical… read more here.
Keywords: private deleveraging; consolidation meets; fiscal consolidation; meets private ... See more keywords
The politics of fiscal consolidation and reform under external constraints in the European periphery: comparative study of Hungary and Latvia
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DOI: 10.1080/14719037.2019.1618384
Abstract: ABSTRACT This article investigates the diverse experiences of fiscal consolidation under external constraints in Hungary and Latvia. The financial crisis that hit in the early years of the twenty-first century had a profound effect on… read more here.
Keywords: fiscal consolidation; politics fiscal; consolidation reform; consolidation ... See more keywords
Influence of the European Semester on national public sector reforms under conditions of fiscal consolidation: The policy of conditionality in Italy 2011–2015
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DOI: 10.1177/0952076718814892
Abstract: This article applies the Schimmelfennig and Sedelmeier “governance by conditionality” framework to public sector reform in a European Union (EU) country subject to implicit rather than explicit conditionality in the context of severe fiscal consolidation.… read more here.
Keywords: fiscal consolidation; reform; conditionality; public sector ... See more keywords
Do Political Factors Affect Fiscal Consolidation? Evidence From Spanish Regional Governments
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DOI: 10.1177/21582440221085002
Abstract: This paper empirically examines the political factors behind the different fiscal consolidation paths across Spanish regions over the period 2004 to 2017. Spanish regions provide an interesting case study due to both the strong fiscal… read more here.
Keywords: fiscal consolidation; factors affect; political factors; consolidation ... See more keywords
Fiscal Consolidation Start and its Determinants Analysis Within European Member Countries
Sign Up to like & getrecommendations! Published in 2017 at "Montenegrin journal of economics"
DOI: 10.14254/1800-5845/2017.13-3.11
Abstract: The purpose of the research from the theoretical point of view is to define the "start of fiscal consolidation" and to clarify the effects of selected determinants on its initiation. The purpose of the paper,… read more here.
Keywords: fiscal consolidation; consolidation; consolidation start; member ... See more keywords
Did Fiscal Consolidation Cause the Double Dip Recession in the Euro Area
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DOI: 10.4337/roke.2017.03.06
Abstract: This paper analyses the short-run effects of fiscal consolidation measures on economic activity in the euro area during the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal… read more here.
Keywords: fiscal consolidation; cause double; double dip; euro area ... See more keywords